St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-03
ST. PAUL REAL ESTATE.
Prices for Realty in A Il Parts of the City
Continue Very Firm and
Solid.
Great Activity at Midway, in the North of
the City. and on Dayton's
Bluff.
West St.EPaul Full of Great Possibiii-
ties, Which Can Hardly be
Estimated.
Business Property i'll Very Active De-
mand in All Directions in st.
Paul.

The real estate market in st. Paul during
the past week has presented very peculiar
appearance The business was here to be
transacted the same as usual, but there
were not so many here to attend to it. The
harvest was here and ripe. but the nus
bandmen were absent. They had gone into
a far country full of riches, where gold and
greenbacks were as the sands on the sea
shore TOR number, and where every shower
spread the earth with diamonds. To reach
this land of wealth, and gold, and green
back abundance. these husbandmen, who
had been a thrifty set here III st. Paul, and
had garnered goodly heritage in the good
old way, were not without peril in their
travels to the billow-beaten Eldorado
OF the North, and if report is
correct some of them had rather a
tempestuous voyage on the return trip, and
had ample opportunity to sample the walk
ing. Of course, III the absence of these
husbandmen, business here dropped some
what Sales that ought to have been made
and transactions that should have been COM
pleted, were temporarily abandoned. while
the huSbandmen Scud away to Duluth and
Ashland, where they expected to find better
things The consequence is that the trans
actions here in ST. Paul were somew hat cur
tailed all the week. and the amount of sales
were several hundred thousand dollars less
than they would have been had the
dealers remained at home and ATTENDED
10 their knitting" The falling off
in the total sales of realty for
the week is not very large, and the most
that can be said is, that the falling off means
simply that so much business is held in
allegiance, and will be taken up and arried
from their wanderings. 1t is known to
some, at least. that several large deals had
been initiated and would have been com
pleted but from this speculative cyclone
from Duluth and Ashland which struck
this city. The cyclone in its nature, could
not wait. The deals people here had on
hand could. and so the latter were allowed
TO rest while the counts of Monte Christie
went abroad to gather up endless wealth.
The only effect upon the market is that the
amount of sales has been briefly curtailed
The exodus has not changed the value of
any.of the property in st. Paul. There is
not an acre or a lot here that can be bought
one cent less than it could before the Du
luth and Ashland booms broke forth. If
any one has any doubt on this point it is
very easy matter to
TEST THE MARKET
and ascertain definitely. st. Paul reached
the financial and commercial point she now
occupies through long years of patient toll
and anxiety, and a great deal of adversely.
She has been plant of rather slow growth,
and while she has suffered from adversely,
her experience has made her strong and
vigorous so that such little futtering, tenn
pOrary ripples ON the business surface as
the Duluth and Ashland boom has no effect
-, II, I,.~f
moment the attention OF some of her deal
erS and the temporary suspension of certain
deals that will go through all the same
week or two later. There has been good.
strong. healthy demand for all varieties of
property in the Midway district, as usual.
This is still regarded as the best property in
St Paul for person to invest in. The
fact is recognized that in some other locali
ties more money may be made through pure
speculation, still, for a permanent invest
ment that is sure to pay there is moth
ing equal to the Midway district.
In West st. Paul the usual activity
has prevailed. 1t is difficult for any man
toforetell what the Sixth ward will develop
into. It has such immense possibilities and
lies so peculiarly favorable for all kinds of
business, for shipping. for steamboating
and for railroading. The possibilities of
this ward are simply prodigious, and have
scarcely begun to be unfolded. Paul Mar
lin appears to have about as much conf
dence in it as any one. and last week he
picked up S35, 600 worth of real estate in
addition to all that he had before. Good
business property is still looked after. A
good deal of the most desirable of this kind
of property has been picked up. Still good
deal more remains, and several deals
are on the stocks and will soon be COM
pleted. Dayton's bluff is rapidly growing
in esteem, and a great number of people are
turning their attention to that locality. For
many years it has been the cheapest prop
erty in the city. Mr.. Stinson advertiseS the
sale of eighty acres on that bluff on the 10th
inst, which will give a large number of
peope an opportunity to secure cheap lots
upon which they can erect comfortable
homes. 1t is probable that the stretch of
country across the north part of the city
from Phalen to Como has attracted as much
attention as any part of st. Paul. "A good
deal of capital is going in there and subur7.
ban towns are being located there. which,
with the cheap, certain and quick trans
pOrtation that can be furnished by the rail-
road will render them exceedingly desirable
as places of residence. With all things con-
sidered the past week has been one of usual
activity. Prices of all kinds of property
are very firm and steady. The demand is
active. and sales are free at satisfactory
figures.